Bank assets up 30pc

>As the Bank of Tanzania (BoT) places the FBME Bank under surveillance, Cyprus has decided to sell all assets of the troubled financial institution valued at $2 billion, The Citizen has learnt.

>As the Bank of Tanzania (BoT) places the FBME Bank under surveillance, Cyprus has decided to sell all assets of the troubled financial institution valued at $2 billion.

Only 30 per cent of all medicine the government supplies to hospitals and health centres reaches patients, the minister for Health and Social Welfare, Dr Ummy Mwalimu, said this yesterday during the tour of Vice President Samia Suluhu Hassan, who launched a building for emergency patients at Geita Regional Designated Referral Hospital.

Chadema presidential candidate Edward Lowassa has assured Tanzanians that he will ensure that each Tanzanian benefits from investment contracts with foreign investors, if he comes to power.

Tanzania’s cotton production has fallen by more than 30 per cent following haphazard implementation of contract farming by major players.

Tanzania Ports Authority (TPA) plans to improve performance of its main port, Dar es Salaam, and increase annual cargo traffic from 13.5 million tonnes in 2013 to 18 million tonnes come 2015, which is about 30 per cent growth.

 Ajmair Riaz, Country Head of Retail Banking, Standard Chartered Bank Tanzania.***************************Monday 18 th May 2020 – Standard Chartered Bank Tanzania has become the first Bank in Tanzania to announce relief measures for its Individual and Business Clients whose income and cash flows have been affected by the COVID-19 pandemic.
In a statement issued by the Bank, Mr. Ajmair Riaz, the Bank’s Country Head of Retail Banking, said that his team has been working very...

 

-This represents a major vote of confidence in AfrAsia business model

 AfrAsia Bank Limited (http://www.afrasiabank.com/en)  today announced the addition of an important world-class strategic partner, National Bank of Canada, to its shareholding structure.   This represents a major vote of confidence in its business model, financial standing and unique positioning in regional and international markets. National Bank of Canada will immediately acquire a 9.5% stake in AfrAsia Bank, with the...

Mr. Pim van Ballekom, European Investment Bank Vice President for Africa and Mr. Ammish Owusu-Amoah, Managing Director of BANK OF AFRICA - TANZANIA signing of MOU between the two parties to unlock Euros 7 M in Tanzania.  Mr. Pim van Ballekom, European Investment Bank Vice President for Africa and Mr. Ammish Owusu-Amoah, Managing Director of BANK OF AFRICA - TANZANIA exchange documents after signing of MOU between the two parties to unlock Euros 7 M in...